Stock futures pointed to a higher opening for Canada's main stock index on Tuesday, a day after the index posted 0.5% gain.
The S&P/TSX composite index acquired 74.03 points to close Monday at 15,100.65. June futures were up 0.4% Tuesday.
The Canadian dollar dipped 0.16 to 79.96 cents U.S. early Tuesday.
Hudson's Bay Co reported a sharply higher fourth-quarter profit, helped by higher same-store sales at its Saks chain and strong digital sales.
Canada has entered into an agreement to sell nearly 73.4 million shares it owns in General Motors Co to Goldman, Sachs & Co, an investment unit of the federal government said on Monday.
CIBC cut the target price on First Quantum Minerals to $26.00 from $28.00
CIBC cut the rating on Lundin Mining to underperform from sector performer.
ON BAYSTREET
The TSX Venture Exchange gained 5.64 points Monday to 688.66
ON WALLSTREET
U.S. stock futures are not making any big moves ahead of the open, after swinging around Monday and closing with gains.
Ahead of the opening bell, futures for the Dow Jones Industrials gained 39 points, or 0.2%, to 17,844. Futures for the S&P 500 surged four points, or 0.2%, to 2,077.25, and futures for the NASDAQ took on 10 points, or 0.2%, to 4,352.25.
Shares in FedEx could see higher-than-normal trading volume after the company announced a €4.4-billion ($4.8-billion U.S.) deal to purchase its Dutch competitor, TNT Express. Shares in TNT shot up by about 31% in Amsterdam on Tuesday.
The acquisition comes two years after UPS withdrew its offer to buy TNT after the European Union blocked that deal due to competition concerns.
Shares in General Motors are nudging lower ahead of the open after the Canadian government announced it had sold its remaining $2.7-billion stake in the automaker. The government had bought shares in the company during the depths of the recession in a move to save GM manufacturing jobs.
European markets are rallying in early trading, playing catch up with the U.S.
Meanwhile, most Asian markets closed the day with gains. Hong Kong's stock market was closed for a public holiday.
Oil prices fell 60 cents to $51.54 U.S. a barrel
Gold prices slipped $7.70 to $1,210.90 U.S. an ounce.
